The extraordinary story of the Sung family, the owners of Abacus Federal Savings in Chinatown, New York, a Chinese immigrant-owned financial institution. Abacus, the only U.S. bank to face criminal prosecution in the wake of the 2008 financial crisis, was accused of mortgage fraud by Manhattan District Attorney Cyrus R. Vance, Jr. For five years, the Sung family has to fight for themselves and their bank's history in Chinatown.
Read full
The extraordinary story of the Sung family, the owners of Abacus Federal Savings in Chinatown, New York, a Chinese immigrant-owned financial institution. Abacus, the only U.S. bank to face criminal prosecution in the wake of the 2008 financial crisis, was accused of mortgage fraud by Manhattan District Attorney Cyrus R. Vance, Jr. For five years, the Sung family has to fight for themselves and their bank's history in Chinatown.
Discussion